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Cryptocurrencies/Coins/Huobi Token (HT)
Huobi Token price, market cap on Coin360 heatmap

Huobi Token(HT)

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$6.7118
(5.14%)
0.00038989 BTC
Market Cap (Rank#44)
$1,029,309,991
59,792 BTC
Vol 24h
$4,235,224
246.023 BTC
Circulating Supply
153,357,694.25
Max Supply
500,000,000
1h agocointelegraph
Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.
1h agonulltx
Here’s Why Justin Bieber Should Have Bought Ganja Guruz NFT Instead of Bored Ape Yacht Club NFT
In 2021, Collins Dictionary announced NFT, aka non-fungible token, as its ‘Word of the Year’ According to the Collins Dictionary team, online searches for the term rose by over 11,000% during the year. NFTs have replicated the success of cryptocurrencies and have been a preferred option for celebrities and artists looking to monetize their audience […]
3h agocoindesk
Crypto Exchange Coinbase Asks Users to Switch USDT for USDC
Coinbase highlights questions about Tether reserves in campaign to get users over to USDC.
17h agocryptosrus
DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live
DefiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork. The hard fork went live on the network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is one of the […] The post DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live appeared first on CryptosRus.
17h agocryptodaily
Three Cryptos To Trigger the Next Bullrun: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH)
It's no secret that the cryptocurrency market is in a bear run. However, this doesn't mean that all cryptocurrencies are doomed. In fact, there are three specific cryptos that have the potential to trigger the next bull run: Orbeon Protocol (ORBN), Litecoin (LTC), and Ethereum (ETH).Orbeon Protocol (ORBN) is already seeing a surge in prices during phase 2 of the public presale and prices are currently up 525% since its initial release. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum (ETH) is a cryptocurrency that completely changed the game. Ethereum (ETH) was not just a currency, but a platform for building decentralized applications and smart contracts. This enabled developers to create new protocols to transact their digital assets without the need for middlemen or third-party gateways. Ethereum (ETH) has experienced strong growth since its inception in 2015, with its current market capitalization surpassing $150 billion. This growth can be attributed to the increasing number of decentralized applications being built on top of Ethereum (ETH). But with such a larger market cap, how can Ethereum (ETH) possibly trigger a bull run? The answer lies in the upcoming Ethereum 2.0 upgrade, which is expected to reduce transaction fees and speed up transaction times. As companies shift their focus to blockchain technology, Ethereum (ETH) could see a surge in prices as the demand for its blockchain technology rises. This could be the spark that sets off a bull run across the entire crypto market. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
18h agocryptopotato
MATIC Battles With $0.9 But is Another Drop Incoming? (Polygon Price Analysis)
With volume disappearing and a weak attempt to move higher, MATIC’s momentum has shifted bearish. Key Support levels: $0.86, $0.74 Key Resistance levels: $1 MATIC’s price action is completing a head and shoulder formation, with the right shoulder being formed at the time of this post. This puts the price in a downtrend in the […]
18h agocryptodaily
DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live
Singapore, Singapore, 8th December, 2022, ChainwireDeFiChain, the world&rsquo;s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is one of the biggest and most monumental updates for DeFiChain in 2022. It marks the rollout of four main features: On-chain governance Token consortium framework Support for masternode parameter updates (owner, operator, reward address) Pool commission and reward fixes This hard fork addresses some of the long-awaited product debt and prepares the DeFiChain community for an accelerated growth in 2023. U-Zyn Chua, Co-Founder of DeFiChain, said, &ldquo;Grand Central marks a major step in DeFiChain&rsquo;s governance structure since it is implementing on-chain governance. This makes the voting processes perfectly transparent, easier and strengthens the governance structure of DeFiChain. A major step for the whole ecosystem.&rdquo; On-chain governance To make changes in the DeFiChain ecosystem, community members can submit three types of proposals to be voted on by masternode owners: Community development fund request proposal (also known as Community Fund Proposal; CFP) Vote of confidence (also known as DeFiChain Improvement Proposal; DFIP) Block reward reallocation proposal Currently, the process of creating a proposal and voting is largely done off-chain. With On-Chain Governance (OCG), any proposal which requires voting by community can be conducted directly on the blockchain. It will strengthen DeFiChain&rsquo;s governance structure and ensure that there is complete transparency in the entire voting process for the DeFiChain community. The voting results will now be available real-time on a dashboard on defiscan.live, which makes tracking the results much easier. For masternode owners, they will be able to generate a script to vote for each proposal via the dashboard, reducing the effort required for voting. Overall, this would result in higher levels of participation in the voting of proposals. DeFiChain Consortium In DeFiChain, tokenized digital assets are meant to be backed 1:1 by the actual asset in its respective ecosystem (e.g. one dBTC being backed by one BTC). However, this backing is currently not enforceable via the blockchain. The DeFiChain Consortium will give a proper structure to the backing of dAssets to ensure that all digital assets are backed. Members of the Consortium (e.g Cake DeFi) will have their own dedicated key for the minting and burning of tokenized digital assets. Each member is required to back any digital assets they mint, regardless of whether they are minting for themselves or on behalf of users of their platform. The Consortium members will also be required to pledge two days worth of collateral, in DFI or DUSD, that will be locked up in a smart contract. It is required on top of the backing of the tokenized digital assets. This collateral will determine how many digital assets a member can mint each day. This additional collateral is meant to deter members from engaging in activities that are contrary to the interests of the community, and to pay for damages in the event where a member overmints digital assets or is unable to provide backing for tokenized digital assets. The formation of the Consortium will enhance the governance structure and transparency in the DeFiChain community. It also provides a mechanism for the community to monitor the backing of tokenized digital assets, which deters overminting. About DeFiChain DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem. For more information, visit: Website | Twitter | Discord | GitHubContactBenjamin [email protected]
18h agocoindesk
2022 – Crypto Markets: A Year in Review
2022 has been a difficult year for cryptocurrency. Coming off euphoric highs from the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of new projects like TerraLuna, bankruptcies of CeFi companies like Celsius and Voyager Digital and a climactic downfall of the FTX exchange.
18h agocryptopotato
100 BTC To Be Won in MEXC’s World Cup Futures Trading Competition – Dec2022
[PRESS RELEASE – Please Read Disclaimer] As the final eight teams: Croatia, Brazil, Netherlands, Argentina, Morocco, Portugal, England, and France enter the quarter-finals, the World Cup is looking to be increasingly fierce and interesting! During the same period, MEXC’s “World Cup 2022 Futures Trading Competition” will be available to all Futures traders. As mentioned on […]
20h agocryptodaily
Gensler fails to protect public from FTX collapse
Congressman Ritchie Torres has written a letter to the Government Accountability Office calling for an investigation into the SEC handling of FTX. With the very public collapse and ensuing loss of investor funds, the FTX debacle is one of the biggest losses in crypto thus far. Could the Securities and Exchange Commission and its chairman Gary Gensler have done more to prevent such an occurrence? Democratic representative Ritchie Torres certainly thinks so, and he has written a letter to the Government Accountability Office asking it to look into the conduct of Gensler&rsquo;s agency in relation to FTX, stating that the crash could have been avoided had the SEC intervened in a timely manner. NEW this morning &mdash; Rep. @RitchieTorres (D-NY) calls on the Government Accountability Office (@USGAO) to investigate the SEC&rsquo;s &ldquo;failure to protect the investing public from the egregious mismanagement and malfeasance of @FTX_Official&rdquo; pic.twitter.com/BdT7ZVCM7X &mdash; Alexander Grieve (@AlexanderGrieve) December 7, 2022 In the letter, Congressman Torres highlights what he says was the failure of the SEC to protect the investing public from billions of dollars in losses from the &ldquo;egregious mismanagement and malfeasance of FTX.&rdquo; He wrote: &ldquo;Chair Gary Gensler, by the logic of his own public pronouncements, is singularly responsible for the regulatory failures surrounding the collapse of FTX, and its affiliate FTX US. Chair Gensler has said on countless occasions that there is no need for authorizing legislation from Congress: the SEC presently possesses the authority it needs to regulate cryptocurrency exchanges.&rdquo; He added: &ldquo;If the SEC has the authority Mr Gensler claims, why did he fail to uncover the largest crypto Ponzi scheme in US history?&rdquo; Congressman Torres went on to accuse the SEC of dedicating &ldquo;scarce time and resources&rdquo; in investigating Kim Kardashian rather than crypto exchanges. In this regard he charged the agency with seeking publicity at the expense of protecting the investing public. The Congressman ended the letter by referring to the &ldquo;fundamentally demoralized&rdquo; career staff at the SEC who, according to the SEC Inspector General, had suffered the &ldquo;highest attrition rate in a decade.&rdquo; Torres asked to what extent Gensler&rsquo;s demoralization of his workforce had contributed to the agency&rsquo;s duty to protect investors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h agocointelegraph
The all-in-one approach at the foundation of next gen crypto investment platforms
ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right.
22h agocryptodaily
ECB attempts to tarnish crypto before CBDC rollout
As the European Central Bank prepares to issue its digital currency, executive member Fabio Panetta gives a speech based on trying to dissuade the public from investing in cryptocurrencies. A keynote speech by Fabio Panetta, member of the Executive Board of the European Central Bank, concentrated solely on describing what in his view are the fundamental flaws to be found in cryptocurrencies. Panetta lays out what he perceives as the risks in three fundamental flaws. Unbacked crypto-assets offer no benefits to society The first perceived flaw is that crypto assets do not perform any useful function for society. Panetta states that they aren&rsquo;t used for payments, they don&rsquo;t fund consumption, they don&rsquo;t help fuel production, and they don&rsquo;t help to combat climate change. He complains that cryptocurrencies aren&rsquo;t backed, they are volatile, and they are unstable. He says that they are &ldquo;notional instruments&rdquo; and have no value for investors that buy them. Panetta states that there is no compensation for investors and highlights the significant losses from various collapses. He says that there are no insurance schemes and there is little protection from cyber risks. Stablecoins are exposed to runs Panetta posits that stablecoins are stable in name only. He says that they are supposed to provide stability by having their value tied to a portfolio of assets. There then follows a section on algorithmic stablecoins, and of course the TerraUSD algorithmic stablecoin is highlighted. Crypto markets are highly leveraged and interconnected Panetta makes the point that crypto markets can have extremely high leverage, creating &ldquo;strong procyclical effects&rdquo; where shocks aren&rsquo;t easily absorbed. He points the finger at DeFi, where he says the procyclical effects are amplified by the overcollateralization common in DeFi. He says that the flaws are magnified by inadequate governance, and insufficient transparency and disclosure. Regulation and CBDCs Panetta then goes on to basically say that crypto will only endure as long as investors are looking for a place to gamble. In order to minimise this he recommends that they are regulated and that they do not receive &ldquo;preferential treatment&rdquo;. He says that &ldquo;regulators must walk a tightrope&rdquo; and avoid allowing unsound cryptos from &ldquo;socialising the risks through bailouts&rdquo;. He welcomes the EU incoming MiCA regulations and states that it is crucial they enter into force rapidly. The rest of the review lays out the case for central bank digital currencies (CBDCs), which in his view will be the only &ldquo;anchor of stability&rdquo;. He concludes with a call for urgent global regulation in order to protect consumers, and to reduce the contagion risk of stablecoins, and signs off with the following paragraph: &ldquo;regulation will not turn risky instruments into safe money. Instead, a stable digital finance ecosystem requires well-supervised intermediaries and a risk-free and dependable digital settlement asset, which only digital central bank money can provide.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22h agocoindesk
Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform
The move had been “well under way” prior to the collapse of FTX and heightened scrutiny of centralized exchanges.
22h agocointelegraph
NFTs minted on FTX break, highlighting Web2 hosting flaws
NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art.
23h agocryptodaily
Ankr Deploys $15M to Buy Back Bad Debt Following Exploit
Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit. Ankr To Buy Back Bad Debt Blockchain infrastructure platform Ankr has announced that it is planning on allocating $15 million to buy back the bad debt which resulted from its recent exploit and the subsequent over-circulation of HAY tokens. The HAY stablecoin, a stablecoin pegged to the US Dollar issued by the stablecoin protocol Helio, lost its peg due to the hack. Helio added that it had bought back around $3 million of bad debt in HAY from the open markets. The Ankr Exploit A series of seemingly unrelated incidents resulted in the bad debt and the subsequent de-pegging of the HAY stablecoin. On the 2nd of December, a hacker could manipulate certain vulnerabilities in the Ankr protocol&rsquo;s smart code, compromising several private keys after a technical upgrade carried out by the Ankr team. As a result of the exploit, the hacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), pegged to the BNB token. The hacker then dumped these tokens, leading to aBNBc&rsquo;s price crumbling from around $300 to less than $2. In an analysis of the exploit, Ankr added, &ldquo;Our analysis shows the $aBNBc token contract has an unlimited mint bug. Specifically, while mint() is protected with onlyMinter modifier, there is another function (w/ 0x3b3a5522 func. signature) that completely bypasses the caller verification to have arbitrary mint !!!&rdquo; Trader Takes Advantage After the exploit, a trader could take advantage of an alleged hard-coding of pegged prices between aBNBc and BNB on the Helio protocol. As a result, the trader was able to purchase 183,885 aBNBc using just 10 BNB. The trader then used the purchased aBNBc tokens as collateral, borrowing 16 million HAY stablecoins and then immediately swapping them for 15.5 million Binance USD (BUSD). This allowed them to earn a staggering 5209x profit on their original capital. HAY Stablecoin Loses Peg As a result, the HAY stablecoin lost its peg to the dollar, crashing to a low of $0.20. However, the stablecoin recovered most of its losses and is currently trading at $0.95, according to data from CoinMarketCap. After the incident, the Helio team issued a statement that they would be repurchasing the excess HAY tokens in circulation and sending them to a burn address. In a Twitter update, Helio stated, &ldquo;Dear Helio #Guardians, the team understands that the past few days have been extremely difficult. As the situation is changing and dynamic, we would like to provide an update on our plan to recover the peg. Firstly, the team has already started our peg recovery process for $HAY, and this process is expected to be completed by Tuesday, the 6th of December, UTC +4. We expect HAY to be re-pegged, or at the very least, be close to the $1 mark.&rdquo; Helio Begins Buyback In another update on Twitter issued on the 7th of December, Helio stated that it had already bought back $3 million worth of HAY stablecoins. &ldquo;We have already kickstarted our HAY recovery process through our first batch of buybacks. ~3M of HAY has already been bought back so far, and the buyback is still in progress. We will share the relevant addresses once our first batch of buybacks has been completed.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
London, United Kingdom, 8th December, 2022, ChainwireMetacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade&rsquo;s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is available to buy on the official Metacade website. Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be a central hangout for all of those interested in GameFi and metaverse. To ensure investor confidence, $MCADE has been audited by leading blockchain auditing firm CertiK, a security-focused platform that analyzes and monitors blockchain protocols and DeFi projects. Verification and approval from CertiK mean that the code behind Metacade is highly secure and has been scrutinized for any weak spots. Metacade harnesses the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and offers a place to discover what games are trending, view leaderboards, publish game reviews, and access the hottest and most advanced GameFi alpha. Head of Product for Metacade, Russell Bennet said: &ldquo;The crypto gaming space is crying out for a single destination where we can all go and learn, earn and play games with fellow enthusiasts without having to jump from platform to platform&rdquo;. Metacade isn&rsquo;t out to just improve the existing P2E and metaverse worlds but also to foster the future of this space. The project's hallmark feature is Metagrants, a source of funding awarded to game developers to bring new games to the Metacade. The Metacade community will vote on which projects get funded to turn the collective vision into a reality on the platform. The first game developed using the first Metagrant will be launched in 2024. By the end of 2024, the project intends to transform into a DAO, handing over key roles and responsibilities to the Metacade community and achieving a fully community-staffed business. It looks to achieve this by deploying Play2Earn, Create2Earn, and Work2Earn functionalities with each of these initiatives giving a little more control of the project over to the community in the coming years. Reflecting on the core ethos of Metacade, Russell said: &ldquo;We want to create a community that has zero barriers to entry whether you want to work in the space, launch a business or just hang, out, play, and have fun.&rdquo; $MCADE has a fixed supply of 2 Billion $MCADE tokens. Seventy percent of these (1.4 billion $MCADE tokens) are being made available during the token&rsquo;s presale event. The remaining thirty percent will be used on exchange listings, during development, providing liquidity, and funding the competition pool. $MCADE is the utility and governance token powering the project. It plays a crucial role in the platform's functionality as holders can use it to vote on the project&rsquo;s future direction and new game proposals. It will be the main tool for interacting with the Metacade ecosystem: holders can use it to enter tournaments and exclusive prize draws, purchase merchandise, and many other things as the platform develops. Token holders will have plenty of opportunities to earn rewards through the project. $MCADE holders can earn from activities such as contributing content, reviewing and testing games, and generally engaging within the ecosystem. $MCADE holders may also stake their tokens in liquidity pools to earn rewards and APYs based on the amount staked. Staked rewards are paid in a stablecoin amount rather than in $MCADE to protect the value of the funds from inflation and price swings. To further promote a deflationary attribute to the token, Metacade plans on introducing a burn mechanism or a buyback scheme. Token burning will help the ecosystem permanently erase a given percentage of supply, thereby lowering the overall supply and boosting the value of $MCADE in the long run. Right after the $MCADE presale is complete, Metacade will roll out the website and build a founding team. In Q1 2023, the goal is to list the $MCADE token on Uniswap and the top five centralized exchanges, along with popular crypto aggregators. With an ambitious road map, Metacade is on track to revolutionize how a traditional community hub is owned and operated. The Metacade Beta sale has now sold over $670,000 worth of tokens in under two weeks and at the time of publishing has under 40% remaining. To buy $MCADE, visit Metacade.co and join the presale now. About GameFi GameFi, one of the most talked about and promising sectors of Web3, creates a virtual gaming ecosystem that relies on the use of cryptocurrency, non-fungible tokens (NFTs), and blockchain technology. At the core of the GameFi ecosystem is the play-to-earn (P2E) gaming model. Unlike the traditional pay-to-play model, P2E allows gamers to earn financial rewards by participating in challenges and tasks. About Metacade Metacade is the premier destination for gaming in the metaverse. As Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community. Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow. Links Website: https://metacade.co Whitepaper: https://metacade.co/whitepaper.pdf Socials: https://linktr.ee/metacade_ CertiK Audit: https://www.certik.com/projects/metacade ContactHead of ProductRussell [email protected]
1 day agocoindesk
First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings
Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.
1 day agocointelegraph
ECB official proposes ban on tokens with an 'excessive ecological footprint'
EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.
1 day agocointelegraph
Meta ‘powering through’ metaverse plans: Nifty Newsletter, Nov. 30–Dec. 6
Meta CEO Mark Zuckerberg highlighted that the company is hopeful about the metaverse despite costing billions of dollars.
1 day agocoindesk
US Sen. Cynthia Lummis: Ether Is Now a Security; My Bill Might Have Stopped FTX
The Wyoming Republican says the second-largest cryptocurrency was transformed by the Ethereum Merge.
1 day agocoindesk
UK Regulator Is Firming Up Its Approach to Crypto Oversight
The Payment Systems Regulator will be looking at what happens if a crypto payment system goes wrong and the measures needed to protect consumers against fraud, Nick Davey, a Payment Specialist, told CoinDesk in an interview.
1 day agocryptodaily
SushiSwap Head Chef Proposes Upping Treasury’s xSUSHI Revenue
Head Chef Jared Grey has proposed that the 100% of xSUSHI revenue be allocated to the treasury wallet for the next 12 months. Head Chef Calls For Immediate Remedy The decentralized exchange is discussing this proposal to provide financing for its operations and extend its runway beyond the next year and a half. It proposes directing all the fees paid to the xSushi holders into the treasury wallet for the next year. The exchange has been facing a severe funding crisis and other indications of declining fortunes. Newly appointed Head chef, Jared Grey, is attempting to turn the company&rsquo;s fortunes around and extend its lifespan, which according to him, has been reduced to just 1.5 years. His proposal states, &ldquo;I propose setting Kanpai to 100% of fees diverted to the Treasury multisig, for one year or until new tokenomics are implemented, helping return Sushi&rsquo;s fiscal resources to a competitive level.&rdquo; According to Grey, the company needs $5 million to remain operational in the bear market. While putting his plan forward, he stated that the significant deficit in the Treasury was the biggest threat to SushiSwap&rsquo;s operational viability and needed an immediate remedy to ensure proper funding. No Rewards For xSUSHI Holders The crux of the plan is to take all the funds generated by trading fees on the exchange. Now let&rsquo;s understand how that would work. One of the methods of earning rewards on the SushiSwap platform is by staking the sushi token and receiving the xSushi in return. For each swap, xSushi holders receive 0.05% of the transaction fees, 10% of which is directed to the SushiSwap treasury wallet. Now according to Grey&rsquo;s proposal, the percentage of funds allocated to the treasury should be increased from 10% to 100%. This would mean no more token rewards for the xSushi holders. A core developer at SushiSwap, Matthew Lilley, believes this could be a temporary solution to help the exchange. He said, &ldquo;The timeline is 12 months, if nothing has changed after 12 months it will default back to the original model. Hopefully it can be ended early if tokenomics revamp is concluded before.&rdquo; SushiSwap Community Not Pleased The proposal has been put up for voting in front of the DAO. 75% of the 28 members who voted at the time of writing supported the proposal. However, there has been some pushback from the community otherwise. Many users believe that if the reward fee for xSushi holders is taken away, they will not have any incentive to hold on to the SUSHI tokens. Some users have claimed that the reward fee was one of the reasons to hold on to the SUSHI tokens even in a bear market. Without the incentive to do so, many users might just dump the token. These speculations might have some value, as the SUSHI token had dropped by 6% in the 24 hours following the news. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Analysts favor Orbeon Protocol (ORBN), Ethereum (ETH) and Algorand (ALGO) for 2023
Cryptocurrencies are experiencing unprecedented volatility as of late, with Ethereum (ETH) and Algorand (ALGO) both seeing notable price fluctuations. With so much invested in these digital assets, it&rsquo;s crucial to have a solid understanding of the current volatility, and what tokens like Orbeon Protocol (ORBN) have to offer, and what might make it a better investment option, such as ORBN&rsquo;s forecasted 6000% growth. In this article, we will discuss the status of Algorand (ALGO), Ethereum (ETH), and Orbeon Protocol (ORBN), and what their future might look like. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN): A profitable investment for long-term and short-term A growing number of people are getting in on the rising popularity of Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is a new entrant to the world of cryptocurrencies and NFTs. With Orbeon Protocol (ORBN), even a $1 can be used to make an investment in a promising startup. As a decentralized investment platform, Orbeon Protocol allows startups to mint and issue fractionalized, equity-backed NFTs for as little as $1. Everyday investors can purchase these as a form of investment in the growing startup. This allows anyone to access the previously-gated venture capital industry. At the time of writing, ORBN can be purchased for $0.021. Investors of Orbeon Protocol (ORBN) can anticipate a return of around 6000% if the token's price reaches $0.24 by the time of launch. Those looking for high returns, both short-term and long-term, should invest in Orbeon Protocol (ORBN) to make the most out of their investments. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocointelegraph
Was the fall of FTX really crypto’s ‘Lehman moment?’
Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?

About Huobi Token

The live price of Huobi Token (HT) today is 6.7118 USD, and with the current circulating supply of Huobi Token at 153,357,694.25 HT, its market capitalization stands at 1,029,309,991 USD. In the last 24 hours HT price has moved 0.2096 USD or 0.03% while 6,322,157 USD worth of HT has been traded on various exchanges. The current valuation of HT puts it at #44 in cryptocurrency rankings based on market capitalization.

Learn more about the Huobi Token blockchain network and how it works or follow the price of its native cryptocurrency HT and the broader market with our unique COIN360 cryptocurrency heatmap.

Huobi Token (HT) is a decentralized digital asset crafted on the Ethereum platform. HT is built on the token system and managed through blockchain. HT holders can enjoy the benefits of the Huobi ecosystem and receive ecological sub-token rewards, as well as valuable promotion. You can check out the latest HT price on Coin360. Find Huobi Token price graphs, market capitalization and the latest news on the token on Coin360.com
Huobi Token Price6.7118 USD
Market Rank#44
Market Cap1,029,309,991 USD
24h Volume4,235,224 USD
Circulating Supply153,357,694.25 HT
Max Supply500,000,000 HT
Yesterday's Market Cap995,093,570 USD
Yesterday's Open / Close6.2791 USD / 6.4887 USD
Yesterday's High / Low6.6383 USD / 6.2789 USD
Yesterday's Change
0.03% ( 0.2096 USD )
Yesterday's Volume6,322,156.50 USD
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